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How definitive the wording is.Decision and Details
Merger by absorption of Sharp Display Technology Corporation
Decision7 August 2026 (date of execution of the merger agreement)
Implementation1 October 2026 (scheduled; effective date of the merger by absorption, subject to the condition precedent that the separate merger by absorption with Sharp Frontier Automotive Technology Corporation becomes effective)
Going forwardThe merger by absorption is scheduled to become effective on 1 October 2026. SC and SDTC may change the effective date by mutual agreement following consultation.
AmountIncrease in stated capital: ¥0; stated capital after the merger: ¥5,005,077,890; increase in capital reserve: ¥0; capital reserve after the merger: ¥1,255,077,890; increase in legal reserve: ¥0; legal reserve after the merger: ¥0; merger consideration: none
Reason
Because this is a merger between a wholly owned parent company and its wholly owned subsidiary, SC will not deliver merger consideration to the shareholders of SDTC.
Impact on Business Performance
The company has determined that there is no issue regarding the likelihood of SC performing its obligations in respect of liabilities it will assume after the merger by absorption. The amount of the impact on financial results is Not disclosed.
| Item | Details |
|---|---|
| Matter Covered | Merger by absorption of Sharp Display Technology Corporation |
| Decision Date | 7 August 2026 (date of execution of the merger agreement) |
| Implementation Date | 1 October 2026 (scheduled; effective date of the merger by absorption, subject to the condition precedent that the separate merger by absorption with Sharp Frontier Automotive Technology Corporation becomes effective) |
| Amount | Increase in stated capital: ¥0; stated capital after the merger: ¥5,005,077,890; increase in capital reserve: ¥0; capital reserve after the merger: ¥1,255,077,890; increase in legal reserve: ¥0; legal reserve after the merger: ¥0; merger consideration: none |
| Impact on Business Performance | The company has determined that there is no issue regarding the likelihood of SC performing its obligations in respect of liabilities it will assume after the merger by absorption. The amount of the impact on financial results is Not disclosed. |
| Reason | Because this is a merger between a wholly owned parent company and its wholly owned subsidiary, SC will not deliver merger consideration to the shareholders of SDTC. |
| Governing Rule | Article 796, Paragraph 2 of the Companies Act (simplified merger); Article 784, Paragraph 1 of the Companies Act (short-form merger); Article 436, Paragraph 2, Item 1 of the Companies Act (audit of financial statements) |
| Future plans | The merger by absorption is scheduled to become effective on 1 October 2026. SC and SDTC may change the effective date by mutual agreement following consultation. |
Items this document does not state (4)
Decision-Making BodyPeriod CoveredQuantity / scaleRelated previous disclosures
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.No reason for the merger has been stated other than that it is a corporate reorganization between a wholly owned parent company and its wholly owned subsidiary.
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